Bitcoin Market and Cerc intend to launch token in 2022.
The 2TM Group, which controls the Bitcoin Market (MB), led an investment of R$90 million in the Receivables Center (CERC) to enable the issuance of tokens with the asset register. The first should be from credit card receivables in 2022. Thus, MB is financing the tokens it will issue and sell, in addition to becoming a partner in the company, in a percentage that they did not reveal.
These receivables are generated when a store owner anticipates the amount he has to receive from card sales. Who anticipates the value for the merchant is a card acquirer, such as Alelo and Cielo. But, they pay the value to the shopkeeper with a discount. And then they will receive this full amount when the buyer pays their purchase invoice. This prepayment of receivables must be registered with a company such as Cerc.
With the agreement that Cerc it’s the Bitcoin Market announced today (11), what they want tokenize is an asset that is not theirs. For this, they intend to include all actors in the chain in the business. And they hope to do that in the next few months.
Bitcoin market and Cerc want to propose new regulations
However, that’s just part of the deal. Companies want to develop other products and propose new regulations that allow them to be marketed. In the announcement of the agreement, both repeated the issue of regulation several times. This is because Brazil does not allow different forms of tokens.
The companies did not provide further details about how the token will be and how the return will be calculated, for example. And neither what possibilities are under study about it.
“We believe that this is only the first step in building the 2.0 capital market, with technology based on data science and blockchain, with regulation. We see absolute potential to guide the cryptocurrency market together towards the market mainstream”, says Marcelo Maziero, founding partner of CERC, in a statement from the companies.
According to Roberto Dagnoni, CEO of 2TM, the token will be able to give access to smaller investors, since today the big ones in the market make this type of investment. This is exactly what tokenization allows, when breaking up assets that are only sold as a block or that have a high unit cost.
Executives from 2TM and Cerc have known each other for a long time, since the time they worked together at Cetip, which B3 bought in 2017. The other investors in the round are the same ones who already invest in Cerc, such as Valor Capital, GP , Parallax.